XML 27 R11.htm IDEA: XBRL DOCUMENT v3.20.4
Intangible Assets and Liabilities
 12 Months Ended
Dec. 31, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets and Liabilities Intangible Assets and Liabilities
The gross carrying amount and accumulated amortization (accretion) of our intangible assets and liabilities, other than goodwill, were as follows:
December 31, 2020December 31, 2019
In thousandsGross AssetsAccumulated
(Amortization) Accretion		NetGross AssetsAccumulated
(Amortization) Accretion		Net
Intangible Assets
Core-developed technology$525,051 $(498,113)$26,938 $507,669 $(458,109)$49,560 
Customer contracts and relationships383,245 (280,497)102,748 381,288 (251,509)129,779 
Trademarks and trade names79,716 (76,912)2,804 78,837 (73,732)5,105 
Other12,025 (11,560)465 12,020 (11,367)653 
Total intangible assets$1,000,037 $(867,082)$132,955 $979,814 $(794,717)$185,097 
Intangible Liabilities
Customer contracts and relationships$(23,900)$21,479 $(2,421)$(23,900)$13,450 $(10,450)
A summary of intangible assets and liabilities activity is as follows:
Year Ended December 31,
In thousands20202019
Intangible assets, gross beginning balance$979,814 $981,160 
Intangibles disposed in sale of business(18,140)— 
Effect of change in exchange rates38,363 (1,346)
Intangible assets, gross ending balance$1,000,037 $979,814 
Intangible liabilities, gross beginning balance$(23,900)$(23,900)
Effect of change in exchange rates— — 
Intangible liabilities, gross ending balance$(23,900)$(23,900)

Assumed intangible liabilities reflect the present value of the projected cash outflows for an existing contract where remaining costs are expected to exceed projected revenues.

The disposal of intangible assets was related to the sale of our Latin America business. The net book value of these assets was $0.8 million at the disposal date. Refer to Note 18: Sale of Business for additional information on the transaction.

Estimated future annual amortization (accretion) is as follows:

Year Ending December 31,AmortizationAccretionEstimated Annual Amortization, net
In thousands
2021$38,033 $(1,962)$36,071 
202227,599 (459)27,140 
202319,955 — 19,955 
202415,746 — 15,746 
202514,742 — 14,742 
Thereafter16,880 — 16,880 
Total intangible assets subject to amortization (accretion)$132,955 $(2,421)$130,534 

Amortization ExpenseYear Ended December 31,
In thousands202020192018
Amortization expense$44,711 $64,286 $71,713 

We have recognized amortization expense within operating expenses in the Consolidated Statements of Operations. These expenses relate to intangible assets acquired and liabilities assumed as part of business combinations.